StockNews.com Begins Coverage on International Tower Hill Mines (NYSEAMERICAN:THM)

StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research report report published on Friday morning. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Down 2.3 %

Shares of THM stock opened at $0.57 on Friday. The stock has a market capitalization of $114.36 million, a PE ratio of -28.64 and a beta of 1.19. International Tower Hill Mines has a 1-year low of $0.32 and a 1-year high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last announced its quarterly earnings results on Friday, August 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Trading of International Tower Hill Mines

An institutional investor recently raised its position in International Tower Hill Mines stock. Russell Investments Group Ltd. increased its stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,878,009 shares of the mining company’s stock after purchasing an additional 28,358 shares during the quarter. Russell Investments Group Ltd. owned about 1.44% of International Tower Hill Mines worth $1,984,000 at the end of the most recent quarter. 54.63% of the stock is currently owned by hedge funds and other institutional investors.

About International Tower Hill Mines

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.